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Canopy Growth Corp (WEED.TO)

WEED.TO on Toronto Stock Exchange

26.57CAD
18 Oct 2019
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Latest Key Developments (Source: Significant Developments)

Canopy Growth Completes Acquisition Of Beckley Canopy Therapeutics
Tuesday, 15 Oct 2019 

Oct 15 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH COMPLETES PREVIOUSLY ANNOUNCED ACQUISITION OF BECKLEY CANOPY THERAPEUTICS.  Full Article

Canopy Growth Announces New Chair Of The Board Of Directors
Thursday, 10 Oct 2019 

Oct 10 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH ANNOUNCES NEW CHAIR OF THE BOARD OF DIRECTORS.CANOPY GROWTH CORP - DAVID KLEIN HAS BEEN APPOINTED CHAIR OF ITS BOARD OF DIRECTORS EFFECTIVE IMMEDIATELY.CANOPY GROWTH CORP - KLEIN CURRENTLY SERVES AS EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER OF CONSTELLATION BRANDS INC.CANOPY GROWTH CORP - INTERIM CHAIR JOHN BELL WILL REMAIN AS A DIRECTOR ON BOARD.  Full Article

Constellation Brands Executive - Canopy Growth's Financial Results Will Likely Be Volatile As They Continue To Focus On Profitability
Thursday, 3 Oct 2019 

Oct 3 (Reuters) - Constellation Brands Inc ::EXEC - MODELO ESPECIAL GENERATED THE MOST DOLLAR SALES GROWTH IN THE ENTIRE U.S. BEER CATEGORY DURING Q2 - CONF CALL.EXEC - "CONSTELLATION & GALLO ARE WORKING IN FULL COOPERATION WITH FTC, WHILE THEY CONTINUE TO REVIEW OUR WINE AND SPIRITS DEAL".EXEC - WE'RE PLEASED WITH THE PROGRESS OF THE CANOPY TEAM AND WHAT THEY HAVE DONE IN THE LAST FEW MONTHS.EXEC - CANOPY'S BUSINESS IS RAPIDLY EVOLVING & THEIR FINANCIAL RESULTS WILL LIKELY BE VOLATILE AS THEY CONTINUE TO FOCUS ON THEIR PATHS TO PROFITABILITY.EXEC SAYS NEW HARD SELTZER TO BE INTRODUCED IN FOUR FLAVORS & WILL CONTAIN 90 CALORIES, 0 CARBS AND 0 SUGARS.  Full Article

Constellation Brands Qtrly Reported Loss Per Share $2.77
Thursday, 3 Oct 2019 

Oct 3 (Reuters) - Constellation Brands Inc ::QTRLY REPORTED LOSS PER SHARE $2.77.QTRLY COMPARABLE EARNINGS PER SHARE $2.72.SEES 2020 EPS ON A REPORTED BASIS $0.55 - $0.75.QTRLY REPORTED NET SALES $2.34 BILLION, UP 2%.SEES, ON COMPARABLE BASIS, FY20 EPS OF $9.00 - $9.20.CONSTELLATION BRANDS - SEES NET SALES AND OPERATING INCOME GROWTH FROM BEER AT 7% - 9% FOR 2020.SEES FY20 WINE AND SPIRITS NET SALES DECLINE 15 - 20%.CONSTELLATION BRANDS - SEES 2020 CAPEX $800 MILLION - $900 MILLION.INCREASES FISCAL 2020 OPERATING CASH FLOW TARGET TO ABOUT $2.2 BILLION AND FREE CASH FLOW PROJECTION TO $1.3 BILLION - $1.4 BILLION.WINE AND SPIRITS TRANSACTION NOW EXPECTED TO CLOSE BY YEAR END FISCAL 2020.CONSTELLATION BRANDS - SEES 2020 FCF $1.3 BILLION - $1.4 BILLION.CONSTELLATION’S SHARE OF CANOPY GROWTH’S EQUITY LOSSES AND RELATED ACTIVITIES FOR Q2 TOTALED A LOSS OF $484.4 MILLION.Q2 EARNINGS PER SHARE VIEW $2.60, REVENUE VIEW $2.34 BILLION -- REFINITIV IBES DATA.Q2 REVENUE VIEW $2.34 BILLION -- REFINITIV IBES DATA.CONSTELLATION BRANDS - IN Q2, RECORDED $46 MILLION OF CHARGES RELATED TO EFFORTS TO GAIN EFFICIENCIES AND REDUCE COST STRUCTURE OF BUSINESS.FY2020 EARNINGS PER SHARE VIEW $8.43 -- REFINITIV IBES DATA.CONSTELLATION BRANDS - DUE TO WINE AND SPIRITS AND BLACK VELVET DEALS, COST REDUCTION PLAN IS EXPECTED TO BE IMPLEMENTED FOR FISCAL 2020 AND 2021.  Full Article

Canopy Growth Receives Key Extraction Licence
Tuesday, 20 Aug 2019 

Aug 20 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH RECEIVES KEY EXTRACTION LICENCE.CANOPY GROWTH CORP - RECEIVED A LICENCE FROM HEALTH CANADA FOR KEYLEAF LIFE SCIENCES FACILITY IN SASKATOON.CANOPY GROWTH CORP - NOW OPERATES THREE EXTRACTION ASSETS.  Full Article

Canopy Growth On Track To Unveil Portfolio Of Value-Add, Higher-Margin Products In Various Form Factors In October 2019
Thursday, 15 Aug 2019 

Aug 14 (Reuters) - Canopy Growth Corp ::ON TRACK TO UNVEIL PORTFOLIO OF VALUE-ADD, HIGHER-MARGIN PRODUCTS IN VARIOUS FORM FACTORS IN OCTOBER 2019.GENERATED NET REVENUE OF $90.5 MILLION IN Q1 2020..HARVESTED 40,960 KILOGRAMS IN QUARTER, AN INCREASE OF 183% OVER Q4 2019..INCREASED QTRLY DRIED CANNABIS SALES IN CANADIAN RECREATIONAL MARKET BY 94% OVER Q4 2019..ONE-TIME, NON-CASH CHARGE ON EXTINGUISHMENT OF WARRANT LIABILITY BIGGEST CONTRIBUTOR TO NET LOSS IN QUARTER..QTRLY NET LOSS PER SHARE C$3.70.Q1 REVENUE VIEW C$107.1 MILLION -- REFINITIV IBES DATA.CANOPY GROWTH SOLD 10,549 KILOGRAMS AND KILOGRAM EQUIVALENTS IN Q1 2020, UP 13% OVER Q4 2019..REMAINS ON TRACK TO UNVEIL CBD PRODUCTS THIS FISCAL YEAR.CANOPY GROWTH - CONFIDENT IN CANADIAN PLANS TODAY, LONG-TERM POTENTIAL OF CANADIAN MARKET.CANOPY GROWTH - SUPPLY CHAIN TO BE AUGMENTED STARTING NEXT FISCAL YEAR FOR PRODUCING VAPE & BEVERAGE PRODUCTS, IN SELECT LOCATIONS IN U.S..  Full Article

Constellation Backs Canopy Over Mark Zekulin's Appointment As Sole CEO
Wednesday, 3 Jul 2019 

July 3 (Reuters) - :FULLY SUPPORT DECISION MADE BY CANOPY GROWTH TO APPOINT MARK ZEKULIN AS THE COMPANY’S SOLE CEO - CONSTELLATION BRANDS SPOKESPERSON.  Full Article

Canopy Growth Outgoing Co-CEO Linton On His Departure Says He Was Terminated - CNBC
Wednesday, 3 Jul 2019 

July 3 (Reuters) - :CANOPY GROWTH FORMER CO-CEO BRUCE LINTON ON CANOPY DEPARTURE SAYS HE WAS TERMINATED - CNBC INTERVIEW.  Full Article

Canopy Growth Announces Leadership Transition
Wednesday, 3 Jul 2019 

July 3 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH ANNOUNCES LEADERSHIP TRANSITION.CANOPY GROWTH CORP - MARK ZEKULIN REMAINS CEO.CANOPY GROWTH CORP - BRUCE LINTON TO STEP DOWN AS CO-CEO AND CANOPY BOARD MEMBER.CANOPY GROWTH CORP - MARK ZEKULIN REMAINS CEO.CANOPY GROWTH CORP - MARK ZEKULIN HAS AGREED TO BECOME SOLE CEO OF COMPANY AND WILL WORK WITH BOARD TO BEGIN A SEARCH TO IDENTIFY A NEW LEADER.CANOPY GROWTH CORP - HAS ALSO APPOINTED JOHN BELL AS ITS BOARD CHAIR,.CANOPY GROWTH CORP - RADE KOVACEVIC WILL ASSUME ROLE OF PRESIDENT.CANOPY GROWTH CORP - APPOINTED JOHN BELL AS ITS BOARD CHAIR, TO BE REVIEWED AT BOARD'S ANNUAL MEETING IN SEPTEMBER.  Full Article

Canopy Growth Announces Acquisition Of KeyLeaf Life Sciences
Wednesday, 26 Jun 2019 

June 26 (Reuters) - Canopy Growth Corp ::CANOPY GROWTH ANNOUNCES ACQUISITION OF KEYLEAF LIFE SCIENCES TO SUPPORT LONG-TERM MAJOR SCALE EXTRACTION NEEDS.CANOPY GROWTH - ACQUIRING CANADIAN EXTRACTION FACILITY, EXTRACTION-RELATED FACILITY IN U.S. TO SUPPORT CO'S U.S. CBD EXPANSION.  Full Article

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Canopy Growth names shareholder Constellation's CFO as chairman

Cannabis producer Canopy Growth Corp said on Thursday it appointed top shareholder Constellation Brands Inc's chief financial officer, David Klein, as chairman of its board.